Insurance

Insurance

Life insurance penetration should be through banks: report

As less than 10 per cent of Indians have life insurance cover, the way forward to increase life insurance penetration is through bancassurance, according to Anuj Mathur, CEO, Canara HSBC Oriental Bank of Commerce Life Insurance. The bancassurance channel involves banks selling life insurance to their clients. “We should ensure […]

Insurance

NAICOM wants zero tolerance for unethical vices

Leave a comment Chuks Udo Okonta The National insurance Commission (NAICOM) has called on insurance operators to henceforth exhibit zero tolerance for unethical vices or face the law. The Commissioner for Insurance Mohammed Kari, who said this at an event in Abeokuta, said the call has become necessary as most […]

Insurance

Insurers Urged to Reach Rural Areas

By Mariam Said The insurance industry grew at an average rate of 18 per cent in the last five years, but the services were mainly concentrated in urban centres. During the 18th Annual Insurance Day in Dar es Salaam at the weekend, the Minister of State in the President’s Office […]

Insurance

33 Million Americans Still Don’t Have Health Insurance

By Anna Maria Barry-Jester and Ben Casselman Nearly 9 million people gained insurance last year, a win for “Obamacare” as the president’s signature health care law expanded Medicaid and opened health insurance exchanges. And yet, 33 million Americans, 10.4 percent of the U.S. population, still went without health insurance for […]

Insurance

Protecting your family with life insurance

September is Life Insurance Awareness Month. Financial professional Tony Zimmer from Trifound joined us to talk about who should be covered and what options are out there. 1. Know the Types There are two main categories of life insurance policies. Term policies cover you for a specific number of years, […]

Insurance

Woman arrested over wedding ring scam

A woman has been arrested as part of a national clampdown on suspected fradulent insurance claims. The 26-year-old from Rainhill was one of six people arrested as part of a major operation by the Insurance Fraud Enforcement Department (IFED), part of the City of London Police. She was detained on […]